N4.7bn fraud: EFCC closes case against Ladoja, Akanbi.

The Economic and Financial Crimes Commission (EFCC) on Tuesday closed its case against a former Governor of Oyo State, Rasheed Ladoja, charged with N4.7billion fraud before a Federal High Court in Lagos.

Ladoja was charged alongside a former Commissioner for Finance in the state, Waheed Akanbi.

The accused were brought before Justice Mohammed Idris on Dec. 14, 2016, for allegedly siphoning and laundering N4.7 billion from the coffers of Oyo State Government.

Both pleaded not guilty to the eight-count charge preferred against them by the EFCC.

At the resumed trial on Tuesday, counsel to the accused, Adeyinka Olumide-Fusika and Bolaji Onilenla, told the court they intended making a “No Case Submission” and prayed the court for adjournment.